Settling Lender Sample Clauses
The Settling Lender clause defines the role and responsibilities of a lender who is designated to handle the settlement of payments or obligations in a syndicated loan arrangement. Typically, this lender acts as an intermediary, receiving funds from the borrower and distributing them to other participating lenders, or vice versa. For example, if a borrower makes a repayment, the Settling Lender ensures the correct allocation of funds among all lenders involved. This clause is essential for streamlining payment processes, reducing administrative complexity, and minimizing the risk of errors or disputes among multiple lenders.
Settling Lender. See §2.9.1.
Settling Lender. See Section 2.9.1.
Settling Lender. See Section
Settling Lender. See §2.8(a).
Settling Lender. See Section 2.9.1. S&P. Standard & Poor's Ratings Group. Subordinated Debt. Collectively, (a) the Seller Subordinated Debt and (b) other Indebtedness of the Borrowers or any of their Subsidiaries that is unsecured and is expressly subordinated and made junior to the payment and performance in full of the Obligations, and evidenced as such by a written instrument containing subordination provisions in form and substance approved by the Required Lenders in writing.
Settling Lender. See Section 2.10.1. --------------- S&P. Standard & Poor's Ratings Group. --- Stock Pledge Agreement. The Stock Pledge Agreement, dated or to be dated on ---------------------- or prior to the Closing Date, between each of the Borrowers and the Administrative Agent and in form and substance satisfactory to the Lenders and the Administrative Agent.
Settling Lender. See 2.10.
Settling Lender. See §2.9.1. SPV. Collectively, Friendly’s Realty I, LLC, a Delaware limited liability company, Friendly’s Realty II, LLC, a Delaware limited liability company, and Friendly’s Realty III, LLC, a Delaware limited liability company, or one or more successor special purpose vehicles which hold title to any of the assets held by the SPVs existing on the Closing Date.
Settling Lender. See Section 2.6.3(b).
Settling Lender. See Section 2.9(a). Standby Letter of Credit Applicable Margin. At all times from the Closing Date through the first Performance Adjustment Date, 1.25%, and thereafter, the percentage determined by reference to the provisions of Section 5.14.